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  • DESCRIPTION

    32 UNITS BUILT IN 2018... 5 BLOCKS from the OTTAWA RIVER in WENDOVER, ONTARIO! IMMEDIATE CASH FLOW - units can be fully-rented upon closing. Separated into 6 buildings, 24 units are - 3bedrm 1.5 bath townhouses (1300-1500 sq ft) and 8 - 1bedrm, 1 bath apartments (800 sq ft) in a complex sitting on 1.1 acres of Land. PROJECTED GROSS INCOME: $421,020 - EXPENSES: $85,712 = $335,308 proj NOI (room for much more income in future). Separate gas and hydro meters for each unit - tenants pay those utilities. HWTs paid by landlord. Stone and vinyl siding with a design that makes it feel like a home and not an apartment building. ADDED VALUE - Registered as a CONDO (as Moe about this bonus!). Situated in a waterfront town of Wendover, nice place only 1hr from Montreal and 35 min to Ottawa. Average household income is $97,639 and 84% of the houses are single family residential. BIG NEED FOR GOOD RENTAL UNITS. GET IN ON THE GROUND FLOOR... UNBEATABLE PRICE FOR NEW MULTI-RES. WE WELCOME OFFERS! (id:7533)

    KEY DETAILS
    • Price:
    • $6,499,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • n/a
    • Acreage:
    • n/a
    • Year Built:
    • 2018
    • Listing #:
    • 1137693
    • Street Address:
    • 500 Ovana Cres
    • City:
    • Wendover
    • State:
    • ON
    • Postal Code:
    • K0A 3K0
    • Subdivision:
    • Wendover
    • Listing Status:
    • For Sale - Active

    Building

    • Number Of Units:
    • 32
    • Stories:
    • 3
    • Year Built:
    • 2018

    Source

    • Provided By:
    • Listing Office: RE/MAX Hallmark Realty Group

      OTTAWA
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    NOTES

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